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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Aura Renewable Acquisitions Plc | ARA | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
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|---|---|---|---|---|
| 0.00 | 0.00% | 5.75 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 5.75 | 5.75 | 5.75 | 5.75 |
| Industry Sector |
|---|
| GENERAL FINANCIAL |
| Top Posts |
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Posted at 27/1/2024 20:15 by hedgehog 100 26/01/2024 07:00 RNS Regulatory News Aura Renewable Acquisitions PLC Holding(s) in Company LSE:ARA Aura Renewable Acquisitions PlcSo on 25th. January 2024, N. Fitzpatrick crossed the 4% holding threshold for ARA, having previously crossed the 3% threshold in July 2023. This further shows that he's obviously a shrewd investor, not only identifying this outstanding & undervalued investment opportunity, but then also cannily accumulating on dips. |
Posted at 22/1/2024 10:27 by hedgehog 100 TMOR, a similar shell to ARA, has today announced a placing at a 100% premium to its pre-existing share price of 0.5p:-22/01/2024 07:00 UK Regulatory (RNS & others) More Acquisitions PLC Placing at 1p per share and Board Changes LSE:TMOR More Acquisitions Plc "The Directors of More Acquisitions Plc (LSE: TMOR) are delighted to announce a placing as well as board changes designed to facilitate the Company's next phase of growth. Highlights -- Appointment of two highly experienced company directors to the TMOR board. Neil Sinclair will move to Executive Chairman and Stanley Davis as non-executive director. -- Fundraising of GBP312,240 through the issue of 31,224,000 new ordinary shares of GBP0.01 each at a price of 1p per share ("Placing Shares") with 2 free attaching warrants for every 1 Placing Share issued exercisable at 1.5p (exercisable at any time during the 60-month period from 4 March 2022). These options are on identical terms to those granted to investors at the time of the Company's IPO. -- Current director Charles Goodfellow will remain on the board with Roderick McIllree retiring effective immediately. Rod McIllree, Executive Director of More Acquisitions plc, said: "Today marks a significant point in the evolution of More Acquisitions. The appointment of Neil and Stanley to the Board of the Company marks an exciting step towards the execution of a reverse take-over which is expected to be value enhancing for all stakeholders. They begin their tenure on a positive note by investing in the Company at a significant premium to the market thereby confirming their faith in their stated objective of value creation. I am very confident I leave the company in good hands and look forward to continuing as a shareholder as it now moves through these next value enhancing steps." Board Restructuring The Company is pleased to announce the appointment of Neil Sinclair as the Company's new Executive Chairman, and Stanley Davis as a Non-executive Director to the Board. Neil Sinclair - Executive Chairman Neil Sinclair has over 60 years' experience in the real estate sector. He was a co-founder of Sinclair Goldsmith, Chartered Surveyors, which was admitted to the Official List in 1987. It subsequently merged with Conrad Ritblat in 1993, when he became Executive Deputy Chairman. Neil was appointed Chairman of Baker Lorenz, surveyors in 1999, which was sold to Hercules Property Services plc in 2001. He was appointed a non-executive director of Tops Estates plc in 2003 and remained so until it was sold to Land Securities plc in 2005. He co-founded Palace Capital plc with Stanley Davis in July 2010 and helped build a GBP280m property portfolio. He served as Chief Executive Officer until June 2022. ... Stanley Davis - Non-Executive Director Stanley Davis is a successful entrepreneur who has been involved in the City of London since 1977. He founded a company registration agent, Stanley Davis Company Services Limited, which he sold in 1988. In 1990 he became Chief Executive of a small share registration company which became known as IRG plc. It acquired several businesses including Barclays Bank Registrars and was sold in April 2000 for a substantial sum to the Capita Group plc. He was Chairman of Stanley Davis Group Limited specialising in company formations, property & company searches. It was sold in June 2020 to Dye & Durham listed on the Toronto Stock Exchange. He co-founded Palace Capital plc with Neil Sinclair in July 2010 and helped build a GBP280m property portfolio. He served as Chairman until December 2021. ..." This further shows the intrinsic undervaluation of a main-listed shell trading at sub-cash, like ARA. |
Posted at 16/1/2024 16:58 by hedgehog 100 The two key 'green' ARA directors are David Fitzsimmons and Guy Ranawake.From ARA's prospectus dated 5 April 2022:- " ... The Directors believe that their existing relationships will enable the Company to access investment opportunities in the Global Renewable Energy Sector Supply Chain. In particular, David Fitzsimmons and Guy Ranawake provide the Board with considerable experience and in-depth knowledge of the global renewable energy market. The Company will continue to conduct research and regularly monitor the renewable energy industry for potential targets. ..." In Messrs Fitzsimmons & Ranawake, you could hardly wish for a more ideally and impressively suited pair of directors to attract and arrange a great green energy RTO:- "David Fitzsimmons, Non-Executive Director David Fitzsimmons is highly experienced in the energy business, in both executive and non-executive positions. After a 27-year career with BP, from 1978 to 2004, he served as CEO of the UK listed renewables company Novera Energy for 4 years, from 2005 to 2009. He has subsequently advised a number of other renewables companies, including serving on the strategic advisory board of Braemar Energy in New York from 2005 to 2020. Currently, David is a Member of the Technology Expert Service at Imperial College and has been since 2019, providing support and guidance on the commercialisation of its technologies, and has been a member of Pearlstone Energy’s Advisory Board from 2018. Additionally, David is Chairman of Locate in Kent (appointed in 2015) , the Inward Investment Agency for Kent, as well as a Governor of Skinners Kent Academy (appointed in 2011). David has also been appointed as a director of the Skinners’ Academy, with effect from 1 January 2022. David was made Chairman of Dig Deep in 2021, having been a director and trustee since 2017, a charity that brings clean water and hygiene training to rural communities in Kenya. Previously, David served as a director at the Renewables Energy Association (REA) from 2007 to 2009 and the International Petroleum Exchange (IPE) from 1996 to 1997. He resides in the United Kingdom. Guy Ranawake, Non-Executive Director Guy Ranawake is an experienced financial professional with considerable experience in the renewable energy space. He is currently an Independent Adviser to a variety of technology-focused SMEs including Exagen (from 2020) (a grid-scale solar and storage developer), with a particular focus on business strategy and capital raising. Most recently, in December 2021, he became a Designated Member of SRC Partners LLP, an LLP set up for the purpose of fund management focused on private market opportunities in the sustainability and energy transition space. Guy is also Chair of the Dalgarno Trust, having been appointed in November 2020, a charity that aims to improve the lives of those living in North Kensington, London. From 2016 through to 2020, Guy was the Senior Investment Director and Fund Manager of Ingenious Group, an Alternative Investment Fund Manager (“AIFM”) authorised and regulated by the FCA, where he managed infrastructure and infrastructure technology funds investing in renewable energy assets and technology providers, involved in businesses such as smart grids, electric vehicle charging, and energy efficiency solutions. He also has prior experience at Evercore (2008 to 2015), Barclays (2007 to 2008) and Citi (1995 to 2003), where he held director positions in their respective Energy and Infrastructure teams. Guy has been an Associate of the Institute of Chartered Accountants of England and Wales (“ICAEW” |
Posted at 11/1/2024 14:23 by hedgehog 100 The shell BWN suspended for a RTO just before Christmas, with the RTO being priced at a significant premium to BWN's s.p., and at multiples of BWN's IPO float price and cash:-22/12/2023 07:41 UK Regulatory (RNS & others) Bowen Fintech PLC Proposed Acquisition and Suspension of Trading LSE:BWN Bowen Fintech Plc "Proposed Acquisition and Temporary Suspension of Trading in the Company's Ordinary Shares Bowen (LSE: BWN), a special purpose acquisition company formed to acquire businesses in the technology innovations sector with a focus on the financial services industry, is pleased to announce that it has signed conditional, non-legally binding heads of terms to acquire 93.49 per cent of the issued share capital of MINNADEOOYASAN-HANBA About MOH MOH is a leading crowdfunding services platform in Japan and solution provider for investors seeking returns from investment into real estate. ... MOH is profitable, reporting EBITDA of JPY 519 million (c. GBP3.2 million) on revenues of JPY 5.6 billion (c. GBP34.3 million) in the year to 31 March 2023. In the six-month period to 30 September 2023, MOH management accounts reported (unaudited) EBITDA of JPY 2.1 billion (c. GBP11.6 million) on revenues of JPY 4.9 billion (c. GBP27.8 million). Unaudited net assets as at 30 September 2023 were JPY 4.8 billion (c. GBP26.4 million). The directors of MOH are of the opinion that a listing by way of a reverse takeover of Bowen by MOH (the "Enlarged Group") will enhance its brand and profile in Japan and internationally, enable access to additional real estate portfolios internationally, thus diversifying risk, and access to fresh equity capital in the future to accelerate its growth strategy, particularly in the area of technology-related real estate. The listing will also support MOH in attracting and retaining senior professionals both locally in Japan and internationally. Following the Acquisition, it is the intention of the Enlarged Group to grow its presence in the UK. The Acquisition The Company has entered into conditional, non-legally binding heads of terms with MOH and KBC to acquire 93.49 per cent of the issued share capital of MOH from KBC for a consideration of approximately GBP34.47 million to be satisfied through the issue of new ordinary shares of 1p each in the Company ("Ordinary Shares"), at a price of 15p per new Ordinary Share (the "Offer Price"). The Offer Price represents a premium of 25 per cent to the closing middle market price of 12 p per Ordinary Share on 21 December 2023, being the closing middle market price the day prior to the release of this announcement. ... It is currently anticipated by the directors of Bowen that on re-admission the market capitalisation of the Enlarged Group would be approximately GBP42.72 million, based on the Offer Price, with KBC holding approximately 80.7 per cent of the issued share capital of the Enlarged Group and existing Bowen shareholders holding approximately 19.3 per cent of the issued share capital of the Enlarged Group. Subject to review of the Enlarged Group's working capital, it is not intended that new capital will be raised as part of the Acquisition and re-admission. ..." BWN floated on 31.10.22 at 4p per share, and a market cap. of £2.2M.:- 31/10/2022 07:00 UK Regulatory (RNS & others) Bowen Fintech PLC Admission to Trading and First Day of Dealings LSE:BWN Bowen Fintech Plc " ... The Company has successfully raised gross proceeds of GBP2 million (before expenses) through a placing of new Ordinary Shares at a placing price of 4 pence per share. Following Admission, the Company will have 55,000,000 Ordinary Shares in issue. ..." So its planned RTO is being priced at 3.75 times its IPO price: which for ARA would equate to a planned RTO at 37.5p/share. Bowen Fintech (BWN):- |
Posted at 07/1/2024 12:50 by hedgehog 100 "What’s Next for Renewable Energy? Trend Predictions for 2024As we head into 2024, the renewable energy sector is positioned at a critical and exciting juncture, characterized by emerging trends in renewable energy that bring both challenges and opportunities for innovation. Facing global issues such as climate change and dwindling natural resources, this sector emerges as a beacon of hope, offering viable solutions and showcasing a plethora of technological advancements and burgeoning investment opportunities. This blog post delves into the anticipated trends and transformative developments poised to shape the renewable energy landscape in 2024, reflecting a dynamic field that is rapidly evolving in response to the world’s pressing environmental and energy needs. Sustainable Energy Technological Innovations 1. Green Hydrogen’s Emergence In 2024, green hydrogen, produced from renewable sources, is expected to become increasingly vital as an energy carrier. We anticipate major advancements in electrolyzer technology, which will significantly improve the efficiency and reduce the cost of green hydrogen production. These developments are pivotal, as they will expand green hydrogen’s viability across various sectors, including industrial processes and transportation. This evolution marks an important step in diversifying renewable energy applications and highlights the potential of green hydrogen in the broader transition to sustainable energy systems. 2. Solar and Wind Energy Advancements Solar and wind energy are poised for transformative enhancements. Bifacial solar panels that capture sunlight on both sides, and large-scale offshore wind turbines with gigawatt capacities, are just the tip of the iceberg. These advancements will allow for a more efficient capture of renewable resources, making solar and wind energy more viable and competitive with traditional energy sources. The growth of solar PV capacity is a notable trend, forecasted to surpass a terawatt of global solar power generation, accounting for a significant portion of renewable growth 3. Breakthroughs in Energy Storage The growth of renewable energy in 2024 will be closely tied to advancements in energy storage technologies. We’re likely to see the emergence of innovative storage solutions like solid-state batteries, which offer higher energy densities and longer lifespans compared to traditional lithium-ion batteries. Additionally, the development of gravity-based storage systems is expected to gain traction. These systems provide sustainable, long-term storage options, which are essential for managing the intermittent nature of renewable energy sources. Such advancements are crucial in ensuring a stable and reliable supply of renewable energy. Sustainable Energy Policy Dynamics 1. Enhanced Government Support Governments are expected to play a pivotal role in accelerating the transition to renewable energy. In 2024, we may see an increase in subsidies, tax incentives, and regulatory frameworks that are more favorable to renewable energy projects. These policies will be essential in encouraging the adoption of renewable technologies and attracting investments. China continues to lead in renewable energy, aiming to exceed its target of generating 33% of its electricity consumption from renewable sources by 2025, with significant developments in wind energy 2. Grid Integration Initiatives In 2024, the integration of renewable energy into existing power grids will be a key area of focus. Efforts will center on upgrading grid infrastructure to manage the variability of renewable sources effectively. This will include the implementation of advanced technologies like smart grids and distributed energy systems, which can enhance energy distribution and reliability. These initiatives are essential to ensure a stable and efficient energy system capable of handling an increased share of renewable energy, thereby facilitating a smoother transition towards a more sustainable energy future. Renewable Energy Investment Trends 1. Corporate Investment Surge Corporate investment in renewable energy is expected to rise significantly in 2024. More leading companies in key business sectors like food and beverage, textile, pharma, automotive, logistic are committing to renewable energy targets and investing in green energy projects as part of their sustainability strategies. This trend is driven by the growing recognition of the long-term benefits of renewable energy investments, both in terms of financial returns and corporate responsibility. The rising costs of materials, influenced by global market dynamics, could pose challenges for new renewable projects. However, the increase in the cost of fossil fuels and the need for energy security have kept renewable energy competitive in the market 2. Expansion of Green Bonds and ESG Investments The market for green bonds and Environmental, Social, and Governance (ESG) investments is anticipated to experience significant growth in 2024. This trend is indicative of a broader shift in the investment community towards sustainability and social responsibility. Investors are increasingly seeking opportunities that not only provide financial returns but also contribute positively to environmental and societal goals. This growing interest is likely to lead to more innovative financial products in the green bond and ESG sectors, offering diverse opportunities for investors to engage with and support sustainable initiatives worldwide. Emerging Energy Market Dynamics 1. Developing Countries Leaping Forward Developing countries are expected to rapidly adopt renewable energy, bypassing traditional fossil fuel infrastructures. This trend is driven by the declining costs and increasing accessibility of renewable technologies, along with growing international support for sustainable development initiatives. The adoption of renewables in these regions could significantly alter the global energy landscape, offering new opportunities for growth and innovation. Countries globally are seeking to invest in cost-effective renewable energy to address climate change, with a particular focus on reducing reliance on imported energy, especially in European countries and the US. 2. Decentralized Renewable Energy Systems In 2024, decentralized renewable energy systems are poised to become more prevalent, especially in remote and rural areas. These systems offer a sustainable and reliable alternative to traditional grid-based energy, enhancing local resilience and reducing reliance on large infrastructure. Additionally, the demand for biofuels is expected to continue its upward trajectory, driven largely by the transportation sector. This growth is bolstered by supportive government policies in key global economies like the US, Brazil, Europe, India, and Indonesia, reflecting a broader commitment to diversifying energy sources and promoting sustainable fuel alternatives. Consumer Trends and Awareness 1. Growing Consumer Demand In 2024, the rise in consumer awareness and demand for renewable energy will likely be more pronounced. Driven by heightened awareness of climate change impacts and a surge in sustainable living practices. This shift is leading to more informed purchasing decisions, where eco-friendly and renewable energy options are preferred. Social media and influencer campaigns are further amplifying this trend, spreading awareness and encouraging sustainable lifestyle choices. Consequently, consumer preferences will increasingly influence market dynamics, prompting companies to adopt greener practices and technologies, and urging governments to implement more supportive policies for renewable energy. 2. Role of Digital Platforms With the advent of smart home technologies and IoT devices, consumers will have greater control over their energy consumption. Apps and platforms that provide real-time data on energy usage, offer renewable energy alternatives, and even integrate gamification elements to encourage energy-saving behaviors are anticipated to become more popular. These digital tools not only empower consumers to make more informed choices but also enable utility companies to interact directly with customers, fostering a more engaged and energy-conscious community. These platforms will likely evolve to include AI-driven recommendations for optimizing energy use, further promoting efficiency and sustainability. Environmental Impact 1. Biodiversity and Ecosystem Considerations The focus on the biodiversity and ecosystems is expected to intensify in 2024. This increased attention will likely lead to the implementation of more comprehensive environmental impact assessments and the adoption of best practices to minimize ecological disruption. Strategies may include the careful siting of renewable energy installations to avoid sensitive areas, the use of technology to mitigate impacts, and the integration of biodiversity conservation plans into project development. These efforts aim to balance the expansion of renewable energy with the preservation of natural habitats and biodiversity, ensuring sustainable and responsible energy development. 2. Carbon Footprint Reduction The role of renewable energy in reducing the global carbon footprint is set to become increasingly significant in 2024. As nations strive to combat climate change, the adoption of renewable energy sources will be a critical factor in policy and investment decisions. The urgency is amplified by the volatility in the global energy market, influenced by economic challenges and energy supply crises. This context highlights the crucial role of renewable energy not only in reducing greenhouse gas emissions but also in providing a more stable and sustainable energy supply, aligning economic and environmental goals in the face of global challenges. Conclusion As we approach 2024, a landmark year for the renewable energy sector, we are witnessing emerging trends in the energy sector that are pivotal in shaping a more sustainable, energy-efficient, and environmentally conscious future. This pivotal moment marks a crucial shift towards embracing renewable energy as a core component of global energy strategies. It reflects a collective realization of the urgent need to address climate change and resource sustainability, encouraging innovative solutions and fostering a deeper commitment to preserving our planet for future generations. BECIS is a sustainable energy solutions provider, partnering with experienced providers of Energy as a Service (EaaS) solutions. We offer a range of services, including solar energy, bioenergy, cooling, waste heat recovery, and energy analytics. Our tailored solutions help companies achieve their renewable energy goals, contributing to a cleaner and resilient energy system. Contact us today to learn more about our services." |
Posted at 25/11/2023 20:29 by hedgehog 100 And as regards the potential impact of a good RTO deal.On 14.11.23, ZEG closed up a whomping 364%, rising 110.6p to 141p, after returning from a near two month suspension. ZEG's market cap. at its suspension price of 30.4p was £1.89M., which like ARA was less than its cash per share. 09/11/2023 11:34 UK Regulatory (RNS & others) Zegona Communications PLC Proposed Placing LSE:ZEG Zegona Communications Plc "Further to the announcements of 31 October 2023 in connection with the Company's acquisition of Vodafone Spain for EUR5.0bn, Zegona announces a proposed placing to raise gross proceeds of approximately EUR300 million (GBP261 million) (the " Placing " ). The Placing will comprise the issue of New Zegona Shares to institutional investors at the Offer Price of 150 pence per share by way of a non-pre-emptive placing. It will be conducted through an accelerated bookbuilding process which will be launched immediately following this announcement. ... The Offer Price represents a 380 per cent. premium to the closing mid-market price of a Zegona Share on 22 September 2023, the date when Zegona requested that trading in its shares was suspended by the London Stock Exchange following press speculation in relation to the Acquisition. ..." Zegona Communications (ZEG):- From the 19.4.23 video interview with ARA's Chairman John Croft:- "... we're very hopeful, put it like that, that we can do a transaction in this year. The sectors that we're particularly interested in are in energy storage generally, but particularly in battery technologies. ... there's a huge opportunity there ... I'm very hopeful we'll do something this year. ... with the minimum capitalisation having been moved up to thirty million pounds, it means actually that that valuation of the SPAC in the context of an overall transaction is relatively small. So we're starting to see valuations for SPACS in transactions heading up, and recently there have been some in London where the SPAC has been valued at multiple times of its cash balance, and multiple times the value of its original market cap. at the time it came to the market. So we see that as being very encouraging, and a positive sign for our shareholders going forward. ..." |
Posted at 08/8/2023 18:32 by hedgehog 100 "INVESTMENT IDEASHow to invest in battery storage Large-scale battery-storage assets are key enablers of the energy transition. A small subset of London-listed investment trusts offer private investors a way into the sector August 8, 2023 By Jennifer Johnson It took a single lightning strike to instantly shut down 5 per cent of the UK's power on 9 August 2019. The bolt hit a transmission circuit just before 5pm, triggering a rare simultaneous outage at both the Hornsea offshore wind farm and the Little Barford gas power station. The loss of these large generators meant that the frequency of the country’s electricity grid fell to 48.8 hertz – below the lower limit of 49.5 hertz at which National Grid's Electricity Systems Operator (ESO) must maintain the power system. When this kind of drop-off occurs, power is automatically shut off somewhere on the network to prevent frequency from falling further. In this instance, it just so happened that the lights went out in parts of central London as rush hour was getting under way. Traffic lights stopped working, trains ground to a halt and passengers stranded on platforms navigated out of stations using the torches on their mobile phones. Although power and services were mostly restored within a few hours, the 9 August blackout was the UK’s largest in more than a decade – and it could have been much worse. Batteries were part of the reason the disruption was contained. At the time, National Grid (NG.) had a total of 200 megawatts (MW) of its own frequency-response batteries at its disposal. These assets are able to provide on-demand electricity in the event of a shortfall elsewhere on the network. The grid operator was also able to call on nearly 300MW of battery storage put in place by other organisations. “When the battery storage assets detected that drop in frequency, they ramped up their output milliseconds later,” explains Markuz Jaffe, an investment companies analyst at Peel Hunt. “This really speaks to the value they have on the grid.” By the end of the decade, the consultancy Rystad Energy predicts that the UK will have some 24 gigawatts (GW) of battery storage installed – with enough energy in reserve to power 18mn homes for a year. As the country comes to rely on renewable energy sources, such as wind and solar, reliable sources of back-up power will be needed for days without a strong breeze or adequate sunshine. In the recent past, gas or coal-fired power stations were responsible for grid-balancing activities. Some facilities, known as peaking plants, are only ever brought online to provide support during periods of high electricity demand. But as the UK moves towards a net zero energy system, it will need to stop relying on these fossil fuel assets. Last autumn, Drax (DRX) delayed the closure of its coal units at the request of the UK government, in order to provide 1.3GW of emergency back-up following Russia's invasion of Ukraine and the energy market turmoil that followed. But Drax has said it will not do the same this year, citing "technical, maintenance and staffing reasons". The UK's only other coal-fired power station, meanwhile, is due to close next year. But battery assets can pick up the slack. As of last month, there was 2.4GW of battery storage capacity operating in the country, as well as 66GW somewhere in the development pipeline. On a cold day in the UK, peak UK electricity demand stands at around 60GW The opportunity for investors seems obvious: policy dictates that there should be a massive battery build-out in the near future, but work has only just begun. “There are a lot of new assets coming online, and the revenue is predictable to a certain extent because we know how power demand varies throughout the day,” Jaffe says. “You’ve also got the backdrop of the electrification of transport and heating, and more renewables coming onto the grid. Batteries stand to benefit from all these factors that might inject volatility into the system.” ... " |
Posted at 18/7/2023 18:40 by hedgehog 100 ELEG wasn't the only shell that suspended for a RTO on 7th. July; MCI did as well - and under seven months after it floated.And moreover, MCI's proposed RTO is a pivot from life sciences to lithium, saying this on its website:- "At Medcaw we recognise the significant role that lithium plays in the global transition to sustainable energy solutions." In addition, MCI's suspension was accompanied by a placing at 8p, a premium of 88% to its suspension price of 4.25p. A nice fat premium indeed. Or perhaps I should say 'a two fat ladies premium' ... MCI's market cap. at the placing price of 8p would be £1.77M. - compared to a probable cash level of under £1M. 07/07/2023 16:12 PR Newswire (US) Medcaw Investments Plc - Potential acquisition of near-term Lithium production asset LSE:MCI Medcaw Investments Plc "Potential acquisition of near-term Lithium production asset • Signing of conditional implementation agreement with Abyssinian Metals Limited • Equity Fundraise & Suspension of Trading Medcaw Investments plc (LSE:MCI), an acquisition vehicle, is pleased to announce that it has entered into a conditional implementation agreement with Abyssinian Metals Limited ("AML"), a company incorporated in Australia and developing the Kenticha lithium project located in Oromia State, Southern Ethiopia. Subject to the Company being satisfied with technical, legal, accounting, tax, financial, commercial and environmental due diligence on AML the Company will consider making an offer to acquire up to 100% of the entire issued share capital of AML ("AML Shares") in consideration for the issue and allotment of new ordinary shares ("Ordinary Shares") in the Company to the shareholders of AML ("Proposed Transaction"). As at the date of this announcement no decision has made by the Company whether to proceed with an offer for the AML Shares or otherwise and there is no offer that is capable of being accepted by the shareholders of AML. AML is a clean energy metals company with a focus on the development of the Kenticha lithium project in which it has a 51% legal and beneficial interest and manager of the project with the Oromia State holding 49%. ... Details of Equity Fundraise Medcaw has today raised gross proceeds of £400,000 at 8p per share ("New Ordinary Shares") through an equity placement to various high net worth and institutional investors introduced by GIS Global Investment Strategy ("GIS") ("Placement"). The Company has therefore allotted and issued a total of 5,000,000 new Ordinary Shares in the Company. ..." Medcaw Investments (MCI):- |
Posted at 17/7/2023 14:36 by hedgehog 100 "Searchlight Capital buys UK asset manager Gresham for £470mnShares in London-listed group soar more than 50% after agreeing to takeover by US investment firm Arjun Neil Alim and Sally Hickey in London 5 HOURS AGO US investment firm Searchlight Capital has agreed to buy UK asset manager Gresham House in a £470mn deal, betting on sustained demand for renewable energy assets that the UK group is increasingly focused on. Gresham House manages about £8bn and invests mainly in sustainable assets such as battery storage infrastructure. Under the terms of the agreement announced on Monday, Gresham House investors will receive £11.05 in cash, a 63 per cent premium to where the group’s shares closed on Friday. Gresham House shares surged more than 50 per cent on Monday. ..." |
Posted at 05/5/2023 12:22 by hedgehog 100 ARA are making sure in advance that investors will back their intended RTO deal, and the board looks very credible and well-connected for this purpose:-16/01/2023 07:00 UK Regulatory (RNS & others) Aura Renewable Acquisitions PLC Post Year End Operational Update LSE:ARA Aura Renewable Acquisitions Plc " ... The Company has actively and selectively reviewed potential international acquisition targets since listing and at the same time the Board has taken soundings from the investor community to seek to best fit investment appetite with the opportunities available. ..." 05/04/2023 07:00 UK Regulatory (RNS & others) Aura Renewable Acquisitions PLC Annual Results LSE:ARA Aura Renewable Acquisitions Plc " ... The Company continues to actively review potential acquisition targets at various stages of development and operating in a number of geographic regions, all of which have potential global relevance. We also continue to take soundings from the investor community to thereby best fit investment appetite with the opportunities available. ..." |
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